When was OQ Technology founded?

OQ Technology was founded in 2016 and raised its 1st funding round 6 years after it was founded.

Where is OQ Technology located?

OQ Technology is headquartered in Leudelange, Luxembourg.

Who is the current CEO of OQ Technology?

Omar Qaise of OQ Technology. They have also founded 1 company.

How many employees does OQ Technology have?

As of May 31, 2026, the latest employee count at OQ Technology is 57.

Is OQ Technology a funded company?

OQ Technology is a funded company, having raised a total of $12.9M across 5 funding rounds to date. The company's 1st funding round was a €***** Series A round, raised on Sep 01, 2022.

When was the latest funding round of OQ Technology?

OQ Technology's latest funding was a $***** Conventional Debt round on Feb 25, 2026, with participation from 1 investor.

Where does OQ Technology rank among its competitors?

OQ Technology ranks 7th amongst 56 active competitors, of which 18 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Sateliot, which secured $116M in Apr, 2026.

Who are the top competitors of OQ Technology?

OQ Technology's top competitors include Skylo, Iridium Communications and Ligado. Among them, Sateliot secured the most recent funding round in April, 2026.

OQ Technology - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of global satellite network for IoT communication. It provides a low-cost data plan and easy-to-operate network to serve new types of assets and markets that traditional terrestrial and satellite network operators cannot support. Some of these are remote, critical, mobile, and inaccessible assets. Its features include connectivity, scalability, management, and analysis.

Website: oqtec.space
Social
Email ID: *****@oqtec.space
Phone Number: +352 **********

Key Metrics

Founded Year

2016

Location

Leudelange, Luxembourg

Stage

Series B

Total Funding

$12.9M in 5 rounds

Latest Funding Round

Conventional Debt, Feb 25, 2026, $*****

Investors

Wa'ed Ventures & 8 more

Ranked

7^th among 56 active competitors

Employee Count

57 as on May 31, 2026

Similar Companies

Skylo & 52 more

View OQ Technology's full profile

OQ Technology has raised a total funding of $12.9M over 5 rounds. Its first funding round was on Sep 01, 2022. Its latest funding round was a Conventional Debt round on Feb 25, 2026 for $*****. 1 investor participated in its latest round. OQ Technology has 9 institutional investors.

Here is the list of recent funding rounds of OQ Technology:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 25, 2026	9555031	Conventional Debt	7398818	1793214	3702812	1080848
Jul 25, 2025	2291718	Grant (prize money)	1085679	8196784	4160305	European Innovation Council
Oct 20, 2024	5599577	Series B	7856951	7580479	Public.lu & 3 more	2972881

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View details of OQ Technology's funding rounds and investors

The founders of OQ Technology are Mohamed Almheiri and Omar Qaise. Omar Qaise is the CEO of OQ Technology.

Here are the details of OQ Technology's key team members:

Mohamed Almheiri: Co-Founder of OQ Technology.
Omar Qaise: Co-Founder & CEO of OQ Technology.

View details of OQ Technology's Founder profiles and Board Members

OQ Technology's employee count trend

OQ Technology has 57 employees as of May 26. Here is OQ Technology's employee count trend over the years:

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Top competitors of OQ Technology include Skylo, Iridium Communications and Ligado. Here is the list of Top 10 competitors of OQ Technology, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Skylo 2017, San Mateo (United States), Series C	Provider of satellite connectivity for sensor data, SMS, and voice calls	$183M	Innovation Endeavors, DCM Ventures & 9 others	70/100
2nd	Iridium Communications 2001, Mclean (United States), Public	Network of satellite communications providing voice, data, and messaging services	-	Herald Investment Management, Disruption Venture Partners ... & 1 others	63/100
3rd	Ligado 2001, Reston (United States), Series E	Operator of mobile satellite services and private network communications solutions	$4.22B	Harbinger Capital Partners, Spectrum & 1 others	62/100
4th	Sateliot 2018, San Diego (United States), Series C	Operator of a narrowband IoT network using satellite connectivity	$193M	EvoNexus, Santander Bank & 13 others	60/100
5th	Myriota 2014, Adelaide (Australia), Series C	Provider of satellite network for Internet of Things connectivity and solutions	$80.3M	Main Sequence, exactEarth & 28 others	58/100
6th	Hiber 2016, Amsterdam (Netherlands), Acquired	Provider of global area network M2M and IoT connectivity solutions	-	Dutch Founders Fund, Stecc & 8 others	58/100
7th	OQ Technology 2016, Leudelange (Luxembourg), Series B	Provider of global satellite network for IoT communication	$12.9M	European Investment Bank, SES Satellites & 7 others	56/100
8th	Kineis 2018, Ramonville Saint Agne (France), Series D	Operator of satellite constellations providing connectivity for remote asset tracking	$111M	CLS Group, European Investment Bank & 8 others	56/100
9th	Astrocast 2014, Ecublens (Switzerland), Public	Provider of nano-satellites-based IoT and M2M connectivity solutions	$13.4M	Verve Ventures, Airbus Ventures & 12 others	50/100
10th	Connected 2023, Coimbra (Portugal), Acquired	Develper of components for aerospace and aviation solutions	$2.16M	Shilling, Iberis Capital & 4 others	49/100